Bond markets are signalling a strong chance that the Reserve Bank will next month finally deliver the first Australian rate cut in more than four years, shrugging off a surprisingly buoyant jobs market and economist forecasts.
While traders have modestly tempered the chance of a February rate cut by the RBA after a robust employment report on Thursday, the market is still pricing in a 66 per cent chance of the central bank lowering rates when it meets on February 18.
Source: https://www.afr.com/markets/debt-markets/bond-markets-stick-with-early-rate-cuts-after-jobs-blowout-20250116-p5l4so